Having pre-need funeral insurance is one of the most important things you can do for your loved ones. This is a wonderful way to ensure your funeral service is paid for and that this burden does not fall on family members.
Having pre-need funeral insurance is one of the most important things you can do for your loved ones. This is a wonderful way to ensure your funeral service is paid for and that this burden does not fall on family members.
In 2021, the median cost of a funeral with a viewing and burial was about $7,800 and the median cost of a funeral with cremation was about $7,000. And these costs are likely to go up over time. This does not include other common expenses such as flowers, grave markers, and headstones.
Pre-need funeral plans can either be in the form of a contract with a funeral home or an insurance policy (usually called funeral insurance or burial insurance). These plans detail the specific funeral arrangements that you choose and include things options like:
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Burial or cremation.
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Casket or urn.
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Cemetery plot.
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Flowers.
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Headstone or grave marker.
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Types of service, such as viewing or visitation.
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Cost for digging and filling a grave.
To make your plan, you work with the funeral home of your choice to decide on all the specifics of your funeral. Then, the funeral director will come up with a total cost based on current prices, which means you can lock in prices at the time your buy your plan. Funeral Insurance plans are sold by a funeral director, who is also a licensed funeral insurance agent. You then make payments over time to cover the cost of your choices.
A funeral insurance plan payout goes directly to the funeral home, not your family. So you ensure the money is going towards what you wanted.
There are several reasons why it can be helpful to preplan your funeral.
- It eases the burden on your family.
- It eases financial worries.
- Your final wishes will be more likely to be followed.
- It helps your family plan a more meaningful funeral.
- It brings peace of mind.
- It helps avoid family arguments and allows your family to spend more time together.
Contact your funeral director today to get your funeral plan started.
